Question

How can you get the average product from the total product?

Answer 1

To get the Average Product (AP) from the Total Product (TP), you use the following formula:

`AP = (TP)/N`

Where:

• AP = Average Product
• TP = Total Product (total output)
• N = Number of units of the variable factor (like labor)

The average product tells you how much output is produced per unit of input (e.g., per worker).

For example, if the total product (TP) is 100 units and you used 10 workers (N), then

`AP = 100/10`

= 10